An undisclosed group of Dallas-based investors is exploring a partnership with former majority owner Mark Cuban in an effort to purchase the Dallas Mavericks, according to Marc Stein’s newsletter The Stein Line.
Cuban controlled the franchise for 23 years before selling a majority stake to the Dumont and Adelson families in 2023. He retained 27% of the team, while the new owners hold an option to acquire an additional 20% of his shares within the next 12 months.
It remains unclear whether the Dumont and Adelson families are willing to sell the club so soon after taking over. A source close to team governor Patrick Dumont told The Stein Line that the family is “excited about the future of the franchise and the Cooper Flagg era.”
Cuban has acted as an informal adviser to Dumont since former president of basketball operations Nico Harrison was dismissed in November. Reached by Stein, the billionaire declined to comment on any potential buyback bid.
When Cuban completed the 2023 sale, he said he would continue to make the final basketball decisions. That plan changed when Harrison reportedly pushed him out of the inner circle. Harrison’s widely criticized trade that sent star guard Luka Dončić to the Lakers for Anthony Davis, Max Christie and a 2029 first-round pick eventually led to Harrison’s firing.
Co-general managers Matt Riccardi and Michael Finley have been running basketball operations since Harrison’s exit. The pair engineered last week’s deadline deal that moved Davis to Washington.
Fan dissatisfaction in Dallas has not fully subsided. Dumont received scattered boos while sitting courtside during Mark Aguirre’s jersey-retirement ceremony on January 29.
Source: Hoops Rumors
